How clients of “FreshForex” company traded in October?

08 November 2013

Dear Clients!

October has come to an end, which means that it is the right time to have summarize results and give attention to the most significant events of the past month.

In October, all participants of the currency market had been looking forward to results of the battle between USA President Obama and the Congress regarding increase of the debt ceiling. On October, 13th, political games had been over and result was positive for the USA. Weak data on labor market of the US boosted main rivals of USD and the European currency succeeded the most by establishing a fresh High of 2013 year at the point of 1.3831.

End of the month was also eventful. FRS of the USA remained its monetary policy unchanged, because budget crisis did not allow getting macroeconomics statistics. FRS dropped a hint that the decision on narrowing of QE (quantitative easing) program can be made on December meeting.

Eurozone provided markets with the data about decline in inflation and growth of unemployment. In the nearest future, such negative data can lead to decline of the major interest rate by EuCB – the measure essential for priming of the economy.

Below we offer you to have a look at results of trading of “FreshForex” clients for October: